…Lost $50bn worth of investment By Uthman Salami The Minister of state for Petroleum Resources, Chief Timipre Sylva has said that Nigeria received only 4 per cent of investment inflow into Africa oil and gas before the Petroleum Industry Act…
By Uthman Salami The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari said International Oil Companies are leaving Nigeria and shifting their portfolios to where they can add value to the journey towards carbon net-zero…
Oil giant Shell said on Monday it will exit all its Russian operations, including its involvement in the Nord Stream 2 pipeline from Russia to Germany, which it helped finance as a part of a consortium of companies. Shell will…
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), says its members will not lift products for depot owners selling Petroleum Motor Spirit (PMS) above the official depot price of N148.77. NUPENG’s Secretary-General, Mr. Afolabi Olawale stated this in…
The Nigeria LNG Ltd., NLNG, on Tuesday said supply of 100 per cent of its Liquefied Petroleum Gas production (Propane and Butane) to the Nigerian market had made a positive impact. The NLNG said the move, which was approved by…
…Trains over 1,000 civil servants, 40,000 young students in Nigeria By Uthman Salami A leading Chinese technology company, Hauwei Technologies has developed an intelligent pipeline monitoring system to help tackle crude oil theft in Nigeria. Mr. Li Wei, Director of Huawei…
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), says its members will not lift products for depot owners selling Petroleum Motor Spirit (PMS) above official depot price of N148.77. NUPENG’s Secretary General, Mr Afolabi Olawale stated this in…
The Organisation of the Petroleum Exporting Countries (OPEC) says the global energy demand is set to increase from 275 million barrels of oil equivalent a day (mboe/d) in 2020 to 352 mboe/d by 2045. Dr. Mohammad Barkindo, OPEC Secretary-General, made…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says it will ensure that operators present their “Green Story’’ in Field Development Plan (FDP) as Nigeria move to attain net zero carbon by 2060. Mr. Gbenga Komolafe, the Chief Executive, NUPRC, made…
…Over 10,000 small businesses and households in eight Niger Delta communities now connected to a Renewvia solar hybrid minigrid In advancing its mission to improve quality of lives in sub-Saharan Africa through the delivery of clean, reliable and affordable energy, Renewvia…
